Tag Archives: FinTech News

Deserve offers a set of modern services, including setting up the credit card via mobile app in minutes, sending money with unique fees, participating in cashback programs, and much more. Currently, the platform is used by more than 100,000 customers. With the help of Machine Learning, it aims to make the service better and attract people from all over the United States.During the venture funding round, Deserve received $50 million in investments to enhance its services. The money will come...

Photo: Wikimedia CommonsI have big hopes for Christine Lagarde following her appointment as the new head of the European Central Bank. And here’s why (Warning: libertarian crypto enthusiasts should look away now).A company I co-founded held Bitcoin in the now-infamous Mt. Gox exchange. You may remember that back in 2013-14 it was the world’s leading Bitcoin exchange handling over 70% of all transactions worldwide. But in February 2014 things went horribly wrong as Mt. Gox suspended trading...

Ripple Labs Inc. has already started making inroads in the financial space in Asia as sources indicate that TPBank based in Vietnam is the first financial institution in the country to join the blockchain payments network. RippleNet allows international remittances to take place in mere minutes rather than in days unlike traditional networks such as SWIFT and at much less cost as well.This was stated on the bank’s website which indicated the bank’s first foray into blockchain technology and...

Spanish bank Banco Santander SA on Monday announced it is acquiring a major stake in the British payments platform Ebury. The price of this acquisition is, according to the announcement, £350 million ($453 million).Proud to announce that @bancosantander has bought a majority stake in Ebury! ? https://t.co/3F8Zisjz1u pic.twitter.com/15GC4O05A8— Ebury (@EburyUK) November 4, 2019Santander is buying 50.1 percent of Ebury’s stake, which makes it a stakeholder having a controlling vote.  This...

Japanese consumer instant credit provider Paidy has announced that it raised $143 million in investment capital from institutional investors. The new financing round includes $83 million series C financing extension and debt financing of $60 million. The series C funding included participants such as PayPal Ventures, the Famed Soros Capital Ventures, JS Capital Management and Tybourne Capital Management and an unnamed investor.The financial institutions that initiated the debt financing...

Ripple‘s XRapid system is 10 times safer and is only one-tenth volatile if compared fiat for making international payments. Fiat cannot compete with XRP’s speed and security.Ripple is a real-time gross settlement system and a form of currency exchange. Banks and financial institutions have the cryptocurrency XRP which is used in a row of Ripple’s solutions, as a settlement infrastructure technology. Payments done using it are irreversible, and there are no chargebacks.In its study Ripple...

In what seems like a match made in heaven retail giant Walmart and financial services company Green Dot have both decided to extend their partnership beyond the Walmart MoneyCard Program and to build an accelerator that will enable fintech startups to thrive.The retail giant disclosed this yesterday and indicated that the focus of the accelerator would be towards retail products that would in their own words “sit at the intersection of retail…shopping and consumer financial services,”.The...

In a follow up to what is seen as a follow up to the Chinese blockchain technology buildup, the People’s Bank of China has introduced a regulatory unit under the auspices of the central bank to regulate digital payments, blockchain products and fintech services that center around decentralized finance within the country.Sources indicate that under the new agency, a new system has been put in place to certify about 11 different categories of financial products which are both hard and soft....

eToro, the global social investing platform, just launched its innovative “CopyTrading” feature for U.S. users. It will allow the app’s 11 million accounts to automatically copy the moves of top securities traders. They’ll win – or lose – the same percentage of their investment. It’s like following someone on social media but with money. eToro Director of Finance and Operations Hassan Ahmed revealed on Twitter that CopyTrader has made its way to the U.S. Ever the innovative fintech...

South Korean technology giant Samsung announced it decided to integrate Tron (TRX) support to its decentralized app (DApp) store, Blockchain Keystore.According to a release note published on Tuesday, Samsung Blockchain Keystore SDK v1.2.0 will now engage APIs that support TRX transactions.Samsung revealed its Samsung Blockchain Platform SDK at the Samsung Developer Conference 2019 today. The truth is, bringing blockchain technology to mobile has been a challenge for quite of time now since...